First Merchants annual operating expenses
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First Merchants Operating Expenses Growth & History (FRME)
First Merchants's operating expenses was $382.6M for fiscal 2025.
View full First Merchants company overviewFirst Merchants annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $382.6M | $3.3M | +0.87% |
| 2024 | 2024-12-31 | $379.3M | −$9.0M | −2.32% |
| 2023 | 2023-12-31 | $388.3M | $32.6M | +9.15% |
| 2022 | 2022-12-31 | $355.7M | $76.5M | +27.40% |
| 2021 | 2021-12-31 | $279.2M | $15.8M | +6.00% |
| 2020 | 2020-12-31 | $263.4M | $16.6M | +6.74% |
| 2019 | 2019-12-31 | $246.8M | $26.8M | +12.19% |
| 2018 | 2018-12-31 | $220.0M | $14.4M | +7.00% |
| 2017 | 2017-12-31 | $205.6M | $28.2M | +15.90% |
| 2016 | 2016-12-31 | $177.4M | $2.6M | +1.46% |
| 2015 | 2015-12-31 | $174.8M | $10.8M | +6.58% |
| 2014 | 2014-12-31 | $164.0M | $20.8M | +14.52% |
| 2013 | 2013-12-31 | $143.2M | $6.1M | +4.45% |
| 2012 | 2012-12-31 | $137.1M | $1.2M | +0.87% |
| 2011 | 2011-12-31 | $135.9M | −$6.4M | −4.48% |
| 2010 | 2010-12-31 | $142.3M | −$9.2M | −6.10% |
| 2009 | 2009-12-31 | $151.6M | — | — |
First Merchants quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | $125.1M | $32.2M | +34.71% |
| Q4 2025 | 2025-12-31 | $99.5M | $3.2M | +3.36% |
| Q3 2025 | 2025-09-30 | $96.6M | $1.9M | +2.04% |
| Q2 2025 | 2025-06-30 | $93.6M | $2.2M | +2.39% |
| Q1 2025 | 2025-03-31 | $92.9M | −$4.0M | −4.16% |
| Q4 2024 | 2024-12-31 | $96.3M | −$11.8M | −10.93% |
| Q3 2024 | 2024-09-30 | $94.6M | $775,000 | +0.83% |
| Q2 2024 | 2024-06-30 | $91.4M | −$1.2M | −1.27% |
| Q1 2024 | 2024-03-31 | $96.9M | $3.2M | +3.43% |
| Q4 2023 | 2023-12-31 | $108.1M | $18.4M | +20.52% |
| Q3 2023 | 2023-09-30 | $93.9M | −$2.5M | −2.62% |
| Q2 2023 | 2023-06-30 | $92.6M | −$4.7M | −4.85% |
| Q1 2023 | 2023-03-31 | $93.7M | $21.4M | +29.58% |
| Q4 2022 | 2022-12-31 | $89.7M | $17.3M | +23.83% |
| Q3 2022 | 2022-09-30 | $96.4M | $25.0M | +35.01% |
| Q2 2022 | 2022-06-30 | $97.3M | $28.0M | +40.43% |
| Q1 2022 | 2022-03-31 | $72.3M | $6.2M | +9.42% |
| Q4 2021 | 2021-12-31 | $72.4M | −$100,000 | −0.14% |
| Q3 2021 | 2021-09-30 | $71.4M | $6.7M | +10.32% |
| Q2 2021 | 2021-06-30 | $69.3M | $9.3M | +15.51% |
| Q1 2021 | 2021-03-31 | $66.1M | −$73,000 | −0.11% |
| Q4 2020 | 2020-12-31 | $72.5M | $7.3M | +11.25% |
| Q3 2020 | 2020-09-30 | $64.7M | −$2.6M | −3.93% |
| Q2 2020 | 2020-06-30 | $60.0M | $2.4M | +4.17% |
| Q1 2020 | 2020-03-31 | $66.2M | $9.6M | +16.87% |
| Q4 2019 | 2019-12-31 | $65.2M | $7.5M | +12.93% |
| Q3 2019 | 2019-09-30 | $67.4M | $12.3M | +22.41% |
| Q2 2019 | 2019-06-30 | $57.6M | $4.1M | +7.63% |
| Q1 2019 | 2019-03-31 | $56.6M | $2.9M | +5.47% |
| Q4 2018 | 2018-12-31 | $57.7M | $1.3M | +2.31% |
| Q3 2018 | 2018-09-30 | $55.0M | −$3.7M | −6.28% |
| Q2 2018 | 2018-06-30 | $53.5M | $6.2M | +13.08% |
| Q1 2018 | 2018-03-31 | $53.7M | $10.6M | +24.57% |
| Q4 2017 | 2017-12-31 | $56.4M | $14.5M | +34.58% |
| Q3 2017 | 2017-09-30 | $58.7M | $14.6M | +33.08% |
| Q2 2017 | 2017-06-30 | $47.3M | $2.5M | +5.53% |
| Q1 2017 | 2017-03-31 | $43.1M | −$3.4M | −7.26% |
| Q4 2016 | 2016-12-31 | $41.9M | −$3.6M | −7.86% |
| Q3 2016 | 2016-09-30 | $44.1M | $1.1M | +2.52% |
| Q2 2016 | 2016-06-30 | $44.8M | −$1.1M | −2.31% |
| Q1 2016 | 2016-03-31 | $46.5M | $6.1M | +15.13% |
| Q4 2015 | 2015-12-31 | $45.5M | $3.8M | +9.20% |
| Q3 2015 | 2015-09-30 | $43.0M | $455,000 | +1.07% |
| Q2 2015 | 2015-06-30 | $45.9M | $4.6M | +11.26% |
| Q1 2015 | 2015-03-31 | $40.4M | −$2.7M | −6.31% |
| Q4 2014 | 2014-12-31 | $41.7M | $1.1M | +2.76% |
| Q3 2014 | 2014-09-30 | $42.6M | $8.4M | +24.42% |
| Q2 2014 | 2014-06-30 | $41.3M | $7.5M | +22.25% |
| Q1 2014 | 2014-03-31 | $43.1M | $8.4M | +24.18% |
| Q4 2013 | 2013-12-31 | $40.6M | $6.1M | +17.55% |
| Q3 2013 | 2013-09-30 | $34.2M | −$185,000 | −0.54% |
| Q2 2013 | 2013-06-30 | $33.7M | −$438,000 | −1.28% |
| Q1 2013 | 2013-03-31 | $34.7M | $672,000 | +1.97% |
| Q4 2012 | 2012-12-31 | $34.5M | $1.1M | +3.19% |
| Q3 2012 | 2012-09-30 | $34.4M | $182,000 | +0.53% |
| Q2 2012 | 2012-06-30 | $34.2M | −$219,000 | −0.64% |
| Q1 2012 | 2012-03-31 | $34.0M | $147,000 | +0.43% |
| Q4 2011 | 2011-12-31 | $33.4M | — | — |
| Q3 2011 | 2011-09-30 | $34.2M | −$913,000 | −2.60% |
| Q2 2011 | 2011-06-30 | $34.4M | $56,000 | +0.16% |
| Q1 2011 | 2011-03-31 | $33.9M | — | — |
| Q3 2010 | 2010-09-30 | $35.1M | — | — |
| Q2 2010 | 2010-06-30 | $34.3M | — | — |
First Merchants operating expenses trends
Over the last five fiscal years, First Merchants's operating expenses increased from $263.4M to $382.6M, a change of $119.2M. The latest reported quarter, Q1 2026, shows $125.1M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review First Merchants source filings ↗